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MCX crude oil intraday trading tips updated on 18th May 2015, Monday at 11:30 am.


MCX CRUDE OIL - 1 BBL


MCX crude oil has formed double tops pattern in hourly chart, technical indicates sharp movement expecting once it comes out from its pattern.
So far intraday trading chart indicates that it is moving up from strong trend line support, bulls will be favored as long as it holds above. Current bull rally is supported with strong volumes as shown in above intraday graph, this indicates bulls are currently active.
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Even crude major trend indicator has turned positive.

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